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give $14.85 sans tax considerations but we haven't talked about the core business yet. right now it's trading at $15.82. in other words, when you consider the stake in yahoo! japan and the remaining stake in ali baba which is worth a bundle and the cash which is well, cash, then the market is valuing the core business, yahoo! search, yahoo! finance, yahoo! sports, these stocks, tremendous gravitas, at $1 a share. yahoo! believes it's worth $7.17 which means it it was to trade at $22. that's a remarkable, remarkable move you need to catch. it could be worth even more frankly. if you believe as i do that she has what it takes to turn this business around. again, i need to see mobile and i need to see social because that's where all the winners in tech have. bottom line when yahoo! was a headless company with no strategy for monetizing its assets it made sense for the stock to trade down here. now it has leadership and a turn around plan that we'll hear more about and the company is unlocking the hidden value like with ali baba. that means the stock goes higher. i say cong
give $14.85 sans tax considerations but we haven't talked about the core business yet. right now it's trading at $15.82. in other words, when you consider the stake in yahoo! japan and the remaining stake in ali baba which is worth a bundle and the cash which is well, cash, then the market is valuing the core business, yahoo! search, yahoo! finance, yahoo! sports, these stocks, tremendous gravitas, at $1 a share. yahoo! believes it's worth $7.17 which means it it was to trade at $22. that's a...
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the income on payroll taxes stops at $110,000. >> it's a flat tax. >> it's actually a regressive tax. if you earn $500,000, you're not paying any payroll tax. it's ridiculous. >> assessing something you can't hardly assess, but this is when they all come back after the election, what in the hell is going to happen? how do you read it right now? what are the leaders saying? >> it all comes down to the presidential election, every party is waiting to see what happens and no one really knows, it's going to take real leadership. if anything's going to get done, it's going to be mitch mcconnell. >> this president's going to go over the fiscal cliff. >> what's going on? big tax cuts? big tax -- >> coming up next, my pal steve meister. are you expecting just as an ordinary person who writes the occasional column and follows the politics, do you think we're going have a big smacking huge tax hike after the election, do you think the so-called tax cliff we're all going to fall into it? >> we're at this fiscal cliff, obama is going to engage in this class warfare his entire four years and he ha
the income on payroll taxes stops at $110,000. >> it's a flat tax. >> it's actually a regressive tax. if you earn $500,000, you're not paying any payroll tax. it's ridiculous. >> assessing something you can't hardly assess, but this is when they all come back after the election, what in the hell is going to happen? how do you read it right now? what are the leaders saying? >> it all comes down to the presidential election, every party is waiting to see what happens and...
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senate and accused governor romney of not paying taxes for ten years. last week, nancy pelosi implied that there was no security at the embassy in libya was because the republicans had employed cuts in that area. they understand the economy is not helpful to them. i would remind the governor that the republican congress has spent many, many job creating bills to the democratically controlled senate and harry reid has refused to let them get to voted on. >> governor romney, the consensus is he came out ahead in the debates. do you think he's going to be able to sustain that momentum? has he energized the base? >> he's clearly energized the base. i was just in denver speaking to a conservative group there. i've been doing some women for romney events. people are clearly very fired up. what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was lis
senate and accused governor romney of not paying taxes for ten years. last week, nancy pelosi implied that there was no security at the embassy in libya was because the republicans had employed cuts in that area. they understand the economy is not helpful to them. i would remind the governor that the republican congress has spent many, many job creating bills to the democratically controlled senate and harry reid has refused to let them get to voted on. >> governor romney, the consensus...
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they want to know their tax base is going to be for next year. they want to know what capital gains rates are going to be. you know, all those things. do you think that really is what could end the log jam for a lot of small investors out there to get them back into the market again? >> i think that would certainly help. i think we will get through this election with a lot of uncertainty. just on the oh side of the election, it seems likely that everybody's incentives will change and congress will go to work on some of the worst parts of the fiscal cliff. i think that could engender a lot of confidence and some re-entry by retail investors. >> all right, dick. good to see you. thank you for joining us. have a good conference tomorrow. >> thank you very much. >> you got it. >> we'll see you soon, dick. >> head of janus. all right, heading toward the close here. 18 minutes left. we're coming off the lows, down 48 points on the dow. >> remember when president obama said this -- >> somebody helped to create this unbelievable american system that we h
they want to know their tax base is going to be for next year. they want to know what capital gains rates are going to be. you know, all those things. do you think that really is what could end the log jam for a lot of small investors out there to get them back into the market again? >> i think that would certainly help. i think we will get through this election with a lot of uncertainty. just on the oh side of the election, it seems likely that everybody's incentives will change and...
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they cut taxes 19 times. they balanced the budget and got a rainy day fund and upgraded their credit rating in massachusetts. they brought unemployment down to 5.7%. and that's in sharp contrast. we've had our national credit rating downgraded as a result of president obama's policies. he's not worked across the aisle and we've had unemployment go up as a result of his policies. >> gretchen: although president obama's biggest critique of your candidate is that there simply are not enough details in his plan. so how do you respond to that criticism? >> you heard a lot of details from governor romney last night. in fact, he's been going across the country talking about the romney plan for a stronger middle class and talking about the details. i think people saw that last night. i think what they did not see from president obama was an agenda for a second term should he be reelected. but we know that it would be more of the same. if you like the last four years, you would love the next four years under president
they cut taxes 19 times. they balanced the budget and got a rainy day fund and upgraded their credit rating in massachusetts. they brought unemployment down to 5.7%. and that's in sharp contrast. we've had our national credit rating downgraded as a result of president obama's policies. he's not worked across the aisle and we've had unemployment go up as a result of his policies. >> gretchen: although president obama's biggest critique of your candidate is that there simply are not enough...
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basic tax policy, et cetera. mr. romney also plans to point out that the president has been saying, you know, well, some parts of the economy are doing okay and that the recovery is underway. here is mitt rom know camera one of those ads where he speaks directly to the people, no big music and pictures of others that sort of apple pie and motherhood stuff. this is mitt romney saying what he thinks. >> too many americans today are struggling, living paycheck to paycheck. more americans live in poverty than when president obama took office. >> and the follow-up to that the next line in the ad and the next line in the debates will be that the country simply cannot afford another four years. and this contrast that mr. romney is putting forth about what he refers to as the obama agenda's dependency society one which big government and debt continues to grow and people lose their liberty and opportunity as entrepreneurs and business people to make their own prosperity versus what is he promising less government, less debt
basic tax policy, et cetera. mr. romney also plans to point out that the president has been saying, you know, well, some parts of the economy are doing okay and that the recovery is underway. here is mitt rom know camera one of those ads where he speaks directly to the people, no big music and pictures of others that sort of apple pie and motherhood stuff. this is mitt romney saying what he thinks. >> too many americans today are struggling, living paycheck to paycheck. more americans...
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he said he and his son calculated how much they pay in taxes, federal income tax, payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by bowles-simpson, get the rate down to create more jobs. nothing better to create a balanced budget than having more people working, earning more money, paying more taxes, that's the most effective and efficient way to get the budget balanced. >> jim, you may want to move on to another topic. i would say this to the american people. if you believe we can cut taxes by $5 trillion and add $2 trillion of additional spending to the military that is not asking for, $7 trillion, to give you a sense, over ten years, that's more than our entire defense budget, and you think that by closing loop
he said he and his son calculated how much they pay in taxes, federal income tax, payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the...
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among the topics that generated the most heat, taxes. >> i don't have a $5 trillion tax cut. i don't have a tax cut of the scale that you're talking about. my view is that we ought to provide tax relief to people in the middle class. but i'm not going to reduce the share of taxes paid by high income people. high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the definite it or burdeneni ing the middle class. it's hamath. >> another hot topic, the deficit. >> it's now four years later, we still have trillion dollar
among the topics that generated the most heat, taxes. >> i don't have a $5 trillion tax cut. i don't have a tax cut of the scale that you're talking about. my view is that we ought to provide tax relief to people in the middle class. but i'm not going to reduce the share of taxes paid by high income people. high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the...
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, zero tax returns i think. what did you find out, anything? >> billion in a prior story, not this story, when we looked at earmarks we did find earmarks that was very close to his undeveloped property. >> right, i saw a nice deal here on a land deal in 1998, 700 grand. anyway, just wondered. >> right, exactly. we have a whole host of stories that we've done that look more at this intersection between their duties and their personal assets and that's -- >> that's the best way, not with a couple of, you know, stock tips in congress. i like it ben they do the earmarks, where they buy something and then maybe check the former speaker, too. anyway, right? kimberly, thank you. appreciate it. >> thank you very much for having me. >> all right, see you. >>> oh, it's me. coming up, this morning's top stories set to foreboding music. the rails for the white house, both hitting the campaign trail. former governors face off in the issues and former hp boss carly fiorina, why she calls the board a serial dysfunction, and no
, zero tax returns i think. what did you find out, anything? >> billion in a prior story, not this story, when we looked at earmarks we did find earmarks that was very close to his undeveloped property. >> right, i saw a nice deal here on a land deal in 1998, 700 grand. anyway, just wondered. >> right, exactly. we have a whole host of stories that we've done that look more at this intersection between their duties and their personal assets and that's -- >> that's the...
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third, taxes 18 and fourth,
third, taxes 18 and fourth,
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i forgot which one. >> the one with the payroll tax extension. the unemployment claim extens n extension. >> well, that's one and you no what he? if they were batting in the major leagues they'd be off the team right quick. we need to put job creation first. >> we all agree with that. we don't want to talk about the pipeline or the nlrb then, that's for sure. >> we can talk about any number of things including the fact that domestic energy production is way up under president obama. >> we heard about that in the debate in spite of instead of because of. >> not in spite of. the fact of the matter is president obama has reduced our dependence on foreign oil over these last few years, we've seen jobs created in the solar industry, in green industries. our state ranks fourth among the 50 states in terms of the number of jobs in the green sector so there are things we can and must do in order to make this recovery happen more quickly. but the fact of the matter is, not since 2005 have we had 30 months in a row of private sector job growth. we're seein
i forgot which one. >> the one with the payroll tax extension. the unemployment claim extens n extension. >> well, that's one and you no what he? if they were batting in the major leagues they'd be off the team right quick. we need to put job creation first. >> we all agree with that. we don't want to talk about the pipeline or the nlrb then, that's for sure. >> we can talk about any number of things including the fact that domestic energy production is way up under...
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running on this tax plan. now, five weeks before the election, he's saying that his big bold idea is never mind. >> my priority is jobs. there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> reporter: while romney made the case that he would be better at creating jobs, the president questioned how the former governor would control the financial sector. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? >> look, we have to have regulation of wall street. that's why i'd have regulation. but i wouldn't designate five banks as too big to fail and give them a blank check. this is the biggest kiss that's been given to new york banks i've ever seen. >> reporter: on to health care. romney returned to his recurring theme, calling obamacare a job killer. >> i just don't know how the pres
running on this tax plan. now, five weeks before the election, he's saying that his big bold idea is never mind. >> my priority is jobs. there's nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> reporter: while romney made the case that he would be better at creating jobs, the president questioned how the former governor would...
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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how in lord's name can they justify raising their taxes with these tax cuts? >> of course, joe biden went on to clarify. but, ana, paul ryan wasted no time, seizing on those comments. good strategy? >> look, you know, i love joe biden. i don't know how every republican in america doesn't love joe biden. he is a great guy. he's fun. he is the gift that keeps on giving. i miss joe biden. we hadn't heard a gaffe from good old joe in about two or three weeks. it really had been a long time. this is what the campaigns are like today in 2012, unfortunately. we look for gaffes on each other and try to make them real big. i think when joe starts getting earnest, when he starts getting righteous and starts talking about god, watch out, because a zinger is coming out. >> speaking of zingers, the debate spoet supposedly is going to be all about zingers. i can see mitt romney taking that line. i would. maria? >> the problem with that, though, carol, is that if you know joe biden and what he has done in his career, he has actually been one of the strongest spokespersons fo
how in lord's name can they justify raising their taxes with these tax cuts? >> of course, joe biden went on to clarify. but, ana, paul ryan wasted no time, seizing on those comments. good strategy? >> look, you know, i love joe biden. i don't know how every republican in america doesn't love joe biden. he is a great guy. he's fun. he is the gift that keeps on giving. i miss joe biden. we hadn't heard a gaffe from good old joe in about two or three weeks. it really had been a long...
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be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas about needing more
be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big,...
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listen to this. >> governor romney and i both agree our cooperate tax rate is too high. we both agree we've got to boost american energy production and it appears we've got some agreement that a marketplace to work has to have some regulation. i suspect that on social security we've got a somewhat similar position. >> you understand what he was trying do there? >> yeah, i do. >> i got a bit confused. >> i think you're right, wolf. and i think that is a disastrous approach. the truth of the matter is mitt romney right now is the head of a right-wing extremist party called the republican party. it wasn't always the case. that's what they are today. if the president cannot differentiate himself clearly from right-wing extremism, we've got a lot of problems as a nation and he's got problems as a candidate running for re-election. in terms of social security, it is absurd for the president to say that he and romney are coming down in the same way. social security today has a $2.7 trillion surplus. social security hasn't contributed one nickel to the deficit, can pay out benef
listen to this. >> governor romney and i both agree our cooperate tax rate is too high. we both agree we've got to boost american energy production and it appears we've got some agreement that a marketplace to work has to have some regulation. i suspect that on social security we've got a somewhat similar position. >> you understand what he was trying do there? >> yeah, i do. >> i got a bit confused. >> i think you're right, wolf. and i think that is a disastrous...
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is now looking for a global tax. now, we're calling global tax maggedden. where we would pony up a huge portion of the tax receipts into the u.n. and they would distribute them throughout the world to the needy. what do you think of this? >> i think it's incredible. first of all, we are the needy. maybe they should do it where china should write off their trillion dollars that they wrote us and more. by the way, if you look what's going on, they are serious about this where we're supposed to give more money to other countries. we don't have money for ourselves. so it's just another ploy. we'll educational background up being -- end up being, because we are run by people globe know what they're doing issues we'll be the only nation that gives. >> gretchen: i got bad news for you, you're going to be taxed 1% tax on billionaires around the world. that's part of this whole deal. >> i can imagine the people that are going to distribute the money. i've seen the people. i have buildings over there. i see them all the time. you should see the people that are going
is now looking for a global tax. now, we're calling global tax maggedden. where we would pony up a huge portion of the tax receipts into the u.n. and they would distribute them throughout the world to the needy. what do you think of this? >> i think it's incredible. first of all, we are the needy. maybe they should do it where china should write off their trillion dollars that they wrote us and more. by the way, if you look what's going on, they are serious about this where we're supposed...
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the negatives are, whether it's the fiscal cliff, tax rate uncertainty that can be fixed easily. we do have an election coming up. but i think the unpinnings of our economy can do a lot more like canada without a whole lot of effort whether energy or retail in the end this number may be very strange but i still think canada gives me a bit of hope. back to you. >> the canadian number is one to watch. we'll see you in a few moments. we should mention the president is being introduced in fairfax, virginia. when he comes to the podium we'll take that live. in the meantime a quick break. we'll talk to the congresswoman trying to save you money on your insurance bill. congresswoman judy biggert will talk how americans are funding big bank bailouts after a quick break. [ male announcer ] at scottrade, weat over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm w
the negatives are, whether it's the fiscal cliff, tax rate uncertainty that can be fixed easily. we do have an election coming up. but i think the unpinnings of our economy can do a lot more like canada without a whole lot of effort whether energy or retail in the end this number may be very strange but i still think canada gives me a bit of hope. back to you. >> the canadian number is one to watch. we'll see you in a few moments. we should mention the president is being introduced in...
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lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agree with that. he sat on the set with us. >> they provided zero -- >> in this caught my attention so i decided to -- >> zero details. but more importantly, later in the tape, which we didn't get a chance to show, he says we're going to be able to keep charitable deductions, keep the mortgage deduction, keep the deduction on health care. and there is no way in a million years no matter who scores this including marty feldstein and others that would possibly suggest that this could be revenue neutral. >> it does if you broaden the base to 100,000. >> but that's not what he talked about on the show. and he refuses to say exactl
lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agree with that. he sat on the set with us....
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tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, it adds up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs. i don't want to cost jobs.+ my priority is jobs. what i'd do is bring down the tax rate, lower deductions and exemptions, the same idea behind bowles-simpson, by the way. get the breaks down, lower deductions and exemptions, to create more jobs. there is nothing better for+ getting us to a balanced budget and having more people working, earning more money, pay more taxes. that is by far the most effective and efficient way to get this budget balanced. >> you mmy want to move on to another topic, but i would just say to the american people
tax rate, they are taxed at lower tax rate. but those top 3% employee half the -- those are the businesses that employ one-quarter of all the workers in america. your plan is to take that tax rate from 38% to 40%. federal income tax, federal payroll tax, state income tax, state sales tax, gasoline tax, it adds up to 50% oo what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of businesses has said that will cost 700,000 jobs....
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george washington university, he said mitt romney's poised performance -- >> i will not reduce the taxes paid by high-income americans. >> reporter: romney looked like he wanted to be there. he was engaged. >> coupled with president obama's lackluster performance seems to have changed the tone of the presidential race. >> my faith and confidence in the american future sun diminished. >> i cannot explain what happened to barack obama. he was awol. he was distracted, did he -- defensive, detached. >> reporter: frank said he should have become much more engaged. >> he dropped the ball. there's no way around it. >> reporter: having said all that, he also said that plenty of presidential candidates have rallied after a bad first debate. >> reagan came backin his second debate. >> reporter: and with that in mind he's very much looking forward to the next debate on october 16th. >> romney thinks he's on a roll now. he's going to keep that posture, i would pre excuse me. barack obama has got to have a completely different air about him. he's got to be a combatant, not a visitor. >> reporter: pre
george washington university, he said mitt romney's poised performance -- >> i will not reduce the taxes paid by high-income americans. >> reporter: romney looked like he wanted to be there. he was engaged. >> coupled with president obama's lackluster performance seems to have changed the tone of the presidential race. >> my faith and confidence in the american future sun diminished. >> i cannot explain what happened to barack obama. he was awol. he was distracted,...
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george washington university, he said mitt romney's poised performance -- >> i will not reduce the taxes paid by high-income americans. >> reporter: romney looked like he wanted to be there. he was engaged. >> coupled with president obama's lackluster performance seems to have changed the tone of the presidential race. >> my faith and confidence in the american future sun diminished. >> i cannot explain what happened to barack obama. he was awol. he was distracted, did he -- defensive, detached. >> reporter: frank said he should have become much more engaged. >> he dropped the ball. there's no way around it. >> reporter: having said all that, he also said that plenty of presidential candidates have rallied after a bad first debate. >> reagan came back in his second debate. >> reporter: and with that in mind he's very much looking forward to the next debate on october 16th. >> romney thinks he's on a roll now. he's going to keep that posture, i would pre excuse me. barack obama has got to have a completely different air about him. he's got to be a combatant, not a visitor. >> reporter: pr
george washington university, he said mitt romney's poised performance -- >> i will not reduce the taxes paid by high-income americans. >> reporter: romney looked like he wanted to be there. he was engaged. >> coupled with president obama's lackluster performance seems to have changed the tone of the presidential race. >> my faith and confidence in the american future sun diminished. >> i cannot explain what happened to barack obama. he was awol. he was distracted,...
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Oct 8, 2012
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>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campa
>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their...
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embrace the cut, gone on the offense of the tax cut if i was mitt romney. at one point after mitt romney said, look, mr. president, what you say is not true. it's not the case that it will necessarily result in a tax hike for the middle class. he said it three times, and the last time, president obama said, okay, because there's a new -- there's a column written by by colleague at the weekly standard who interview the the director who came up with the original study that found that was going to result in a middle class tax hike and said, in fact, no, it doesn't mean there's a mitt l class tax hike, a significant reversal suggesting the obama camp is not on solid ground making the claim. gerri: one possible explanation. bob woodward said, wow, you know what might have happened? the president got bad foreign affairs information before the debate. doug, are you buying that? >> not at all. presidents compartmentalize, the correspondent's dinner, the president told joke and the next day, a successful raid on bin laden. gerri: no excuses? >> no excuses. gerri: th
embrace the cut, gone on the offense of the tax cut if i was mitt romney. at one point after mitt romney said, look, mr. president, what you say is not true. it's not the case that it will necessarily result in a tax hike for the middle class. he said it three times, and the last time, president obama said, okay, because there's a new -- there's a column written by by colleague at the weekly standard who interview the the director who came up with the original study that found that was going to...
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Oct 4, 2012
10/12
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CURRENT
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federal tax, state tax, state income tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money paying more taxes, that's by far the more efficient way to get this balanced. >> obama: jim, i would just say this to the american people if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for -- $7 trillion just to give you a sense over ten year's that's more than our entire defense budget and you think that by closing loop holes and deductions for the well to do somehow you will not end up picking up the tab, then governor romney's plan may work for you, but i think math common sense and our history shows us that's not a recipe for job growth. we have tried this -- we have tried bot
federal tax, state tax, state income tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate successful small businesses from 35% to 40%. that will cost jobs. my priority is jobs so what i do is bring down the tax rates, lower deductions and exemptions. create more jobs because there's nothing better for getting us to an balanced budget than having more people working, earning more money paying more taxes, that's by far the more efficient way...
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let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you interrupted me. >> here are the specifics. >> excuse me. >> let's talk the other big. >> no, no, let's not. let's let him respond to this specific on dodd-frank. >> some viewers also wondered why lehrer didn't challenge romney's attack on his own network, pbs. >> i'm going to stop the subsidy to pbs. i love big bird. actually like you, too, but i'm not going to keep on spending money to borrow money from china to pay for it. >> the web went wild for big bird. shame shame. mentions of big bird went up 800,000%. seriously, though. l lehrer with his criticized for not explaining dodd-frank and simpson bowles to the public. obama adviser s
let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you...
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Oct 7, 2012
10/12
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the first 30 minutes of the debate spent on taxes. and this issue take up many times throughout the 90 minutes. welcome back to denver in the spin room. let's go now to charles krauthammer with his thoughts on the debate. >> i thought romney won by two touchdowns. you know? when a challenger steps up on the stage that gives stature, when performing the way romney did, i think changes things. it changes momentum. romney campaign is at a terrible month. to the extent people are saying who is this guy? all of a sudden thrk romney shows up. and he's knowledgeable, confident and he's got nerve. he never backed down on any of with obama, i thought he had a weak night. it looked as if he's sitting on a leaf. i can guarantee you had he been behind in the post he would have had it at 47%. the video damaged romney didn't come up. that is somebody thinks all he has to do is get up there, play out the 90 minutes, hold the ball, and win. but he lost. again, it's not going to change the election. but i think it does stop the romney slide. it is not
the first 30 minutes of the debate spent on taxes. and this issue take up many times throughout the 90 minutes. welcome back to denver in the spin room. let's go now to charles krauthammer with his thoughts on the debate. >> i thought romney won by two touchdowns. you know? when a challenger steps up on the stage that gives stature, when performing the way romney did, i think changes things. it changes momentum. romney campaign is at a terrible month. to the extent people are saying who...
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Oct 1, 2012
10/12
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CNBC
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and then after tax returns being low. what he basically says, he computes the percentage change of stock prices that you can expect in stocks with the dividend yields and the bottom line he says i may be overly pessimistic t scares me. i am planning for the eventual change january 1, 2013, and as a result i continue to prune his portfolio he says and shifting money away from the large dividend paying stocks and to the non-dividend paying stocks total return. the point is very simple. everybody is one direction on this. chasing yield in the high dividend paying stocks, today it doesn't matter what the tax changes will be. you hear it all the time on cnbc. i was reading this. this makes a point that, yes, there are a lot of non-tax paying investors who buy these dividend paying stocks and there is a lot of actual investors doing it as well. be aware that this will have an impact and i do think it will start to factor in the fourth quarter here even though the central banks are dominating today. >> i was going to say a lot o
and then after tax returns being low. what he basically says, he computes the percentage change of stock prices that you can expect in stocks with the dividend yields and the bottom line he says i may be overly pessimistic t scares me. i am planning for the eventual change january 1, 2013, and as a result i continue to prune his portfolio he says and shifting money away from the large dividend paying stocks and to the non-dividend paying stocks total return. the point is very simple. everybody...
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Oct 4, 2012
10/12
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...